One of India’s premier asset management companies, the Aditya Birla Sun Life AMC, is expected to make its stock market debut with an Rs. 3,000 crores IPO next week. The asset management company filed its DRHP in April. However, the capital market regulator SEBI put it in abeyance due to some regulatory violations. On 5 …
The Centre is likely to block Chinese investors from buying shares in what could be India’s biggest ever IPO (Initial Public Offering) worth $12.2 billion. While GOI (Government of India) will allow foreign investors to participate in this IPO, it is suspicious of Chinese ownership. The State-owned insurance giant LIC (Life Insurance Corporation) is considered …
Local IPOs have recently heated up to quite a frenzy. This is despite the economic slowdown brought by the deadly pandemic. All this has led to a rewarding year for Indian investment bankers. Interestingly, Mumbai listings have raised as much as $10.2 billion in 2021. Moreover, banks involved in these offerings have churned out humungous …
Macleods Pharmaceuticals intends to file its DRHP by next January. This Mumbai-based company is planning to get listed on the stock exchange by next year. To achieve the targeted timeline, this drug-maker is completing every necessary IPO-related task one after another. This time, the company has selected banks to oversee its public offering. Here’s more …
Hotel and hospitality chain Oyo is planning to go public with an IPO of about $1 billion. The company is expected to file its draft red herring prospectus (DRHP) next week, as confirmed by sources close to the company. This initial public offering is expected to have a valuation of between $1 billion to $1.2 …
Puranik Builders, India’s leading real estate developer, has filed DRHP with SEBI to float its initial public offering. As per its DRHP, the company’s public issue will include the fresh issuance of equity shares amounting to Rs. 510 crores. Moreover, this IPO will comprise an offer for sale (OFS) of a maximum of 9,45,000 shares …
Digital payments firm Paytm has added another 5.45 lakh shares to its IPO through its employees. In a recent regulatory filing, One97 Communications mentioned that another 20 employees had converted their ESOP to a total of 5,45,735 shares for monetisation. Previously, 200 former and current employees of Paytm have also gone down this route of …
With eleven companies going public in the month of July alone this year, everyone seems to be excited about more upcoming IPOs. The COVID 19 pandemic made the stock market feel jittery last year with major disruption of economic activities and few companies calling off their IPO plans till the market activity changed towards the end …
The public issue of Paras Defence and Space Technologies will be opening for subscription on 21 September 2021 Monday. This forthcoming IPO will close on 23 September at 5 pm. The initial share sale will include a fresh issue of equity shares worth approximately Rs. 140.6 crores. Moreover, it will comprise an offer for sale …
Data Patterns (India) Private Limited is the new name to enter India’s IPO fest of FY2021-2022. The Chennai-based company, well known for supplying electronics systems, is now preparing to go public. The initial news from sources close to the matter is that this public issue is likely to have a valuation of at least $100 …
